Market Highlights

The global cloud radio access network is predicted to the touch USD 14 billion at a whopping 21% CAGR between 2016- 2022, states the recent marketing research Future (MRFR) analysis. A cloud radio access network or C-RAN, simply put, is architecture for various cellular networks that are supported cloud computing. This is often basically a radio access network that supports 2G, 3G, 4G & other emerging wireless communication standards. C-RAN benefits the user in multiple ways by offering low cost, high bandwidth, low latency, and high reliability. Remote radio head (RRH), optical transmission network (OTN), and baseband unit (BBU) are its different components, and its different services include customer service, system integration, and network service.

Various factors are propelling the worldwide cloud radio access network market share. Consistent with the recent MRRF report, such factors include the rapid climb in cost, fall in operational expenditure, constant advances in telecommunication and wireless technology that helps to enhance the accessibility of 4G & 5G, and a burgeoning need for cost-effective & energy-efficient power resources. These factors also are adding to the worldwide wireless RAN market and also radio access network cloud application market growth.

On the contrary, concerns about security standards, government regulations, and therefore the impact of the COVID-19 pandemic are factors which will limit the worldwide C-RAN market growth over the forecast period.

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Cloud Radio Access Network Market, By Component (Baseband unit (BBU), Optical transmission network (OTN) and Remote radio head (RRH)), By Service (Network Service, System Integration, Customer service) - Forecast 2022

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